Either way it was very aggravating working with him and on one phone call I kind of snapped on him and told him to stop talking to me like I have no clue what I'm doing.

Most of the time it work and save $$ and aggravation. 

NothIng Is more aggravating to me than taking time out of my day to drive out to a property for a tour and realize the realtor lied about the condition of the house ,the neighborhood and the taxes .had this happen so often I just look off market now .

And you won't come back.So you have residents hiding serious infections even from their families, trying to bribe the nursing assistants to help them hide that they can no longer control their bowels and vomit reflex, a general terror of being written off as no longer fit for "unassisted care."

The time and effort and money and aggravation factor will all but demotivate a seller to sue you.

Someone will pay for management; either you will pay a pm, or you will pay yourself in time, effort, aggravation and possibly lost income.So I guess the question becomes, can you do remote management yourself, do you really want to, and is it worth it.

Highest acceptable net to HUD wins Saying that, both are difficult to do on a HUD property  You will definitely save money and aggravation going conventional as 203k will have extra repair requirements and feesWhen going conventional on a HUD, make sure you select a lender that has experience with doing HUD properties and has a work around in place if utilities cannot be turned on for the appraisal (common)

For GCs, you need to interview/meet 5-10 of them and you should go to 3-5 projects they are working on or have worked on to see the quality of their work.Again, lots of work but it will save you the aggravation and sleepless nights of worrying about contractors/ GCs messing up your projects.

Plus it stinks and I'm finally not living in an apartment where I have to worry about drifting smoke aggravating my asthma.

Here are a couple questions to consider: Is it worth the aggravation of finding a new property management company for 25/month?